Community Literacy Centers Inc

Analysis

Community Literacy Centers Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Literacy Centers Inc reported income of $303k and spending of $392k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $392k to $303k (-23%), an average of -6.2% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Literacy Centers Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within OK. Charities of a similar size with the same main cause include Trust U W Sarahs Brayton ($303k), Healthcare Financial Management Educational Foundation ($303k) and Vietnamese Buddhist Association ($303k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $232k. At year end it held assets of $316k against liabilities of $2,122, net assets of $314k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.